Creation RE and JP Morgan to invest $1 billion in industrial, warehouse and logistics projects in four states |

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A newly formed joint venture will develop real estate in New York, New Jersey, Texas and Arizona

PHOENIX, April 132022 /PRNewswire-PRWeb/ — Creation REa fast-growing real estate investment and development company headquartered in Phoenixand institutional investors advised by JP Morgan Global Alternatives today announced a joint venture that will invest $1 billion in industrial real estate, warehouse and logistics projects in four states.

The partners will capitalize and develop seven projects, three of which are already closed and four that are in the pipeline, totaling approximately five million square feet in Newark, New Jersey; Melville, NY; Islandia, New York; Fort Worth, TX; and Chandler, Gilbert and Phoenix, Arizona.

“JP Morgan is an exceptional investment partner and we have assembled a portfolio of very high quality projects across the United States in a very short time,” said Josh Zemon, Managing Director of Creation. “Creation has grown rapidly over the past few years with our current portfolio of investments and development approaching $4 billion. We are grateful to JP Morgan for their partnership and excited to continue our growth together.”

Founded in 2018 by David Sellers and Bob AgahiCreation now has two offices in Phoenix and dallas with a third launch early next year New York City. In addition to the logistics pipeline, the design-focused company also develops various large-scale mixed-use projects.

“Creation has a proven track record of sourcing and executing differentiated industrial assets in diverse markets across the country,” said Alex Bez, Vice President, Real Estate Americas at JP Morgan Asset Management. “Investing in the right markets with leading developers like Creation has been and will continue to be a key part of our growth.”

About creation

creation is a Phoenixreal estate development and alternative investment company founded by David Sellers and Bob Agahi. Creation has a growing pipeline of over $3.8 billion grassroots developments in six US states. Creation’s alternative investment platform has co-founded four companies since 2015 and has helped fund more than 90 burgeoning tech startups across the country. Creation also holds several ownership positions in experiential entertainment concepts across the country. To learn more, visit CreationEquity.com.

About JP Morgan Global Alternatives

JP Morgan Global Alternatives is the alternative investment arm of JP Morgan Asset Management. With over 50 years as an alternative investment manager, 215 billion US dollars of assets under management and more than 700 professionals (in December 31, 2021), JP Morgan offers strategies across the full spectrum of alternative investments, including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives. Operating from offices across the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and unique focus with JP Morgan’s global reach, vast resources and powerful infrastructure to help achieve each client’s specific objectives. For more information, visit jpmorgan.com/am.

Media Contact

John BracamonteJ. Lauren PR, 1 (480) 540-3842, [email protected]

SOURCE Creation RE


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